Vietnam’s technology news collection for Q3 of 2024, covering July, August & September, delivers a range of Vietnamese tech developments, including, for instance: Vietnam’s blockchain developers community positions for global relevance; the government’s subsidies for electricity, aiming to boost EV production and uptake; 40,000 Google scholarships for Vietnamese skills boosting; and more.
September 2024 | August 2024 | July 2024
GITEX Asia Tech Conference & Expo: April 2025 in Singapore
VIetnam: Tech in September 2024
- SpaceX has proposed a $1.5BN investment to bring Starlink to Vietnam / in full
- Techsauce Global Summit 2024 Ho Chi Minh is set for October 10th, building on the success of the recent home-country edition in Thailand / in full
- An overview of Vietnam’s 10 proposed undersea cabling projects, and concerns around possible participation of a number of China’s cable ecosystem firms / in full
- BlockchainWork talent community raises $87K, looking to position Vietnam to address the global blockchain industry talent shortage / in full
- Vietnam’s NextBold Capital private equity firm looks to raise $100M fund to back SME’s in Vietnam, Cambodia and Laos / in full
- VinCSS, a cybersecurity firm backed by Vingroup, gains 3 world-first certificates for IoT security under the FIDO Device Onboarding open standard / in full
- Vietnam Private Capital Agency, founded by private capital leaders, has launched with the goal of delivering $35BN in private investments in Vietnam by 2035 / in full
- Google reportedly considering construction of hyperscale data centre in South Vietnam, the first major US tech company investment in the country / in full
- Indonesia’s GoTo to close Gojek on-demand ride-hail, delivery and courier business in Vietnam, cutting losses in the face of broadly unprofitable operations / in full
- …44% of GenAI startups are based in Singapore, followed by Vietnam (27%), Indonesia (13%), Thailand (7%), Malaysia (6%), and the Philippines (3%)… / in full
- Thailand’s Krungsri and Japan’s MUFG ink MoU with banks from Vietnam, Indonesia and The Philippines to coordinate market entry for Thai firms across ASEAN / in full
- Australia: NSW startups gain SE Asia market access with International Landing Pads agreements in Vietnam, Indonesia and Malaysia, and reciprocal access / in full
Asia Tech News Podcast: Audio headlines round-up to mid-October 2024
Vietnam: August 2024 tech news
- Vietnam’s VinCSS cybersecurity firm inks MOU with Singapore’s ST Engineering Info-Security to boost cybersec solutions in aerospace / in full
- Qualcomm Vietnam Innovation Challenge unveils three season 4 finalists working in conversational AI, wearable devices and electric 2-wheel vehicles / in full
- Japan: Vietnam’s FPT expands in Japan with $200M for cloud AI services and solutions for businesses, looking to launch in 2025 and building on NVIDIA partnership / in full
- Government is to subsidize electricity prices for the country’s 150K EV charging stations, alongside providing incentives for electric vehicles production and imports / in full
- EU-Vietnam Sustainable Energy Transition Programme rolls out accelerator focusing on energy efficiency in industrial, transport and green building sectors / in full
- Ministry of Info & Comms and Vietnam Chamber of Commerce & Industry in agreement to digitally transform 1M businesses by 2026, with 2030 position as overall context / in full
- “…severe shortages of labor in traditional chip economies like South Korea and Taiwan, as well as the US, mean companies are looking further afield for engineers” / in full
- Singapore-based Antler VC closes 2nd Southeast Asia fund, raising $72M to focus on startups in Singapore, Indonesia, Vietnam and Malaysia / in full
- India has granted a $300M loan to Vietnam to boost maritime security, alongside discussing cooperation in AI, cloud computing, semiconductors and more / in full
- Available now: ‘Leveraging Fintech for Women Entrepreneurs in Indonesia, the Philippines, and Viet Nam‘, a July report from the Asian Development Bank / in full
Accenture: Supply chains networks in the age of generative AI
July 2024: Vietnam’s tech news
- Foxconn Singapore gains licence to invest $551M in 2 manufacturing projects in smart-system equipment and products, adding to $383M PCB facility / in full
- As part of ‘Building for Vietnam’s AI Future’ initiative, Google is to roll out 40,000 scholarships for AI skills / in full
- National Innovation Centre and Google partner for ‘Build for the AI Future’ initiative, looking to boost workforce skills, nurture the startup ecosystem and lift AI adoption / in full
- Digital economy projected to grow by a factor of 11 by 2030, reaching near half the country’s current GDP and generating $220BN in value, says Google, with AI set to be a key driver / in full
- New Law on Telecommunications eliminates restrictions on foreign ownership of data and cloud service providers / in full
- Nami Distributed Energy lands $10M from Singapore’s Clime Capital with rooftop solar and on-site energy solutions for commercial and industrial customers / in full
- ‘3 key takeaways from the soft launch of GenAI Fund’s ASEAN GenAI Startup Report’ via e27 / in full
Google Cloud: Data & AI Trends Report 2024
Weekly newsletters
For a one-shot round-up of each week’s technology news headlines, gathered across Southeast Asia and the Indo-Pacific, you should read Asia’s Tech News, Weekly, the Startup News Asia newsletter, on LinkedIn and via Substack.
